Los Angeles Resets Marijuana Program To Combat Racial Inequality

3y
2m read
Summary

The changes will finally address the city’s stagnant social equity programs, but could lead legacy operators into the illicit market. The Los Angeles City Council approved a series of recommendations Tuesday that would overhaul its plagued recreational cannabis program, with a primary focus on fixing social equity licenses. Until 2025, the city will limit all delivery licenses to businesses that fall in line with social equity criteria. The latter issue was the focus of City Council’s changes, most of which will prioritize social equity applicants in the near future. According to the Los Angeles Times, California marijuana revenue hit $3.1 billion in legal sales in 2019, the highest total of any adult-use market.

Article Preview

The changes will finally address the city’s stagnant social equity programs, but could lead legacy operators into the illicit market.

The Los Angeles City Council approved a series of recommendations Tuesday that would overhaul its plagued recreational cannabis program, with a primary focus on fixing social equity licenses. The changes have been met with applause and derision from those vying to join L.A.’s cannabis industry.

At one time, the Los Angeles marijuana scene held significant promise. Insiders expected the city to serve as a hotbed...

Read the full article @ Fresh Toast